PILBEAM CONSTRUCTION LTD
Executive Summary
Pilbeam Construction Ltd is a very recently established construction company currently classified as dormant with minimal financial data available. While it is compliant with filings and has industry-appropriate directors and a clear web presence, the lack of trading history and low financial substance present a high risk to investors. Further due diligence should focus on the parent company’s support and future operational plans.
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This analysis is opinion only and should not be interpreted as financial advice.
PILBEAM CONSTRUCTION LTD - Analysis Report
- Risk Rating: HIGH
Justification: Pilbeam Construction Ltd is a newly incorporated company (October 2023) that has filed dormant accounts showing virtually no activity or financial substance (net assets and shareholders funds of £1). The company has not yet traded or generated any financial results, indicating a lack of operational history and financial data to assess stability. This presents a high risk profile from an investment perspective.
- Key Concerns:
- Dormant Status with Minimal Financial Data: The company has filed dormant accounts for the period ending February 2025, demonstrating no trading activity or meaningful assets. This restricts any assessment of solvency or liquidity.
- Very Recent Incorporation and Limited Operating History: Incorporated in late 2023, the company has less than two years on record and no financial track record. This increases uncertainty around operational sustainability.
- Director Resignation and Control Concentration: One of the original directors resigned within months, and control is concentrated 75-100% in Pilbeam Holdings Ltd, a single entity. This may pose governance risks and lack of management depth.
- Positive Indicators:
- Compliance with Filing Requirements: Despite being dormant, the company has submitted its accounts and confirmation statements on time, indicating good regulatory compliance.
- Clear Industry Focus and Web Presence: The company is classified in relevant construction SIC codes and maintains an active website with contact details, suggesting intent to trade in a defined sector.
- Experienced Directors Appointed: Current directors have roles aligned with the construction industry (Estimator and Construction Director), which is a positive sign for future operational capability.
- Due Diligence Notes:
- Investigate the nature and financial position of Pilbeam Holdings Ltd, the controlling entity, to assess group support and financial backing.
- Monitor for future trading accounts and operational data to evaluate business activity and financial performance.
- Clarify reasons for director resignation and assess impact on company management and strategy.
- Review contractual pipeline or project commitments referenced on the company website to gauge upcoming revenue potential.
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